Segment Financial Data

6 Months Ended

Jun. 30, 2011

Note 13. Segment Financial Data

Honeywell's senior management evaluates segment performance based on segment profit. Segment profit is measured as business unit income (loss) before taxes excluding general corporate unallocated expense, other income (expense), interest and other financial charges, pension and other postretirement benefits (expense), stock compensation expense, repositioning and other charges and accounting changes.

The Consumer Products Group business had historically been part of the Transportation Systems reportable segment. In accordance with the presentation of CPG as discontinued operations, results for current periods presented as well as all future periods include Turbo Technologies and Friction Materials only. See Note 3 Acquisitions and Divestitures for further details.

		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2011		2010		2011		2010
Net Sales
Aerospace
Products	$	1,559	$	1,464	$	3,025	$	2,781
Services		1,251		1,183		2,481		2,372
Total		2,810		2,647		5,506		5,153
Automation and Control Solutions
Products		3,331		2,747		6,467		5,394
Services		549		490		1,069		967
Total		3,880		3,237		7,536		6,361
Specialty Materials
Products		1,266		1,190		2,512		2,266
Services		140		69		249		132
Total		1,406		1,259		2,761		2,398
Transportation Systems
Products		990		783		1,955		1,550
Services		-		-		-		-
Total		990		783		1,955		1,550
Corporate
Products		-		-		-		-
Services		-		-		-		-
Total		-		-		-		-
	$	9,086	$	7,926	$	17,758	$	15,462

Segment Profit
Aerospace	$	451	$	443	$	918	$	856
Automation and Control Solutions		496		401		955		787
Specialty Materials		281		214		565		384
Transportation Systems		129		89		247		158
Corporate		(56)		(68)		(124)		(100)
Total Segment Profit		1,301		1,079		2,561		2,085

Other income/ (expense)^(a)		8		-		28		(2)
Interest and other financial charges		(96)		(91)		(195)		(198)
Stock compensation expense^(b)		(42)		(36)		(91)		(86)
Pension expense^(b)		(22)		(46)		(57)		(96)
Other postretirement income/(expense)^(b)		45		(12)		27		6
Repositioning and other charges ^(b)		(94)		(127)		(227)		(268)
Income before taxes	$	1,100	$	767	$	2,046	$	1,441

(a) Equity income/(loss) of affiliated companies is included in Segment Profit.

(b) Amounts included in cost of products and services sold and selling, general and administrative expenses.